Getinge AB (FRA:GTN)
€ 16.095 -0.12 (-0.74%) Market Cap: 4.41 Bil Enterprise Value: 5.15 Bil PE Ratio: 30.01 PB Ratio: 1.68 GF Score: 82/100

Getinge AB Outlook for 2022 -- long-term Financial Targets Unchanged - Conference Call Transcript

Jun 14, 2022 / 05:00PM GMT
Release Date Price: €23.51 (-5.96%)
Operator

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and welcome to Getinge Audiocast for Teleconference 2022. (Operator Instructions)

Today, I'm pleased to present CEO, Mattias Perjos. Please begin your meeting.

Mattias Perjos;publ;CEO
Getinge AB;President & Director

()- -

Thank you very much, and welcome to this call, everyone, and thank you for joining on short notice. This is now focused on our revised outlook for 2022. We will go on for about half an hour, and we'll start off with a brief presentation and then followed by a Q&A session where I will be also joined by Lars Sandström, our CFO.

With that, we can move to Page #2, please. So the main takeaways from the press release that we published earlier today are as follows. Firstly, we revised our outlook for organic net sales growth for 2022 from the upper end of the 4% to 6% range that we had communicated to in line with 2021's net sales. These lower volumes and also an unfavorable product mix is also expected to have a negative impact of 1 to 2 percentage

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